LGO

Overview of LGO

LGO is a virtual currency exchange based in France. It was founded in 2018 and is regulated by the AMF (Autorité Des Marchés Financiers). The exchange offers a wide variety of cryptocurrencies, with over 70 options available for trading. Fees on the platform depend on the trading volume, allowing users to save money on larger trades. LGO supports various payment methods, including bank transfer, SEPA, and wire transfer. In terms of customer support, users can reach out to LGO through email or live chat.

Pros and Cons

Regulatory Authority

The regulatory situation of the LGO exchange is as follows:

Regulatory Agency: Autorité des marchés financiers (AMF)

Regulation Number: E2020-003

Regulation Status: Regulated

License Type: Digital Currency License

License Name: LGO EUROPE SAS

LGO is regulated by the Autorité des marchés financiers (AMF) and holds a digital currency license with the license name LGO EUROPE SAS. This regulatory status provides assurance to users regarding the exchange's compliance with industry regulations and standards.

The Autorité des marchés financiers (AMF) serves as the Financial Markets Regulator in France. It functions as an autonomous public entity responsible for safeguarding investments in financial instruments, savings, and other forms of investment. The AMF's role encompasses maintaining the orderly operation of financial markets and ensuring that financial entities and activities adhere to the required standards and regulations.



Security



LGO prioritizes the security of its platform and has implemented various protection measures. These measures include encrypted data storage to safeguard user information and funds. Additionally, LGO utilizes two-factor authentication (2FA) to enhance account security and prevent unauthorized access. The exchange also conducts regular security audits to identify and address any potential vulnerabilities.

Trading Market

Number of cryptocurrencies: LGO currently lists 70 cryptocurrencies, including

• Bitcoin,
• Ethereum,
• Litecoin,
• Bitcoin Cash,
• XRP,
• EOS,
• Tether,
• Binance Coin,
• Cardano and etc.

LGO maintains an average new coin listing speed of 2-3 months. Cryptocurrency prices on LGO are consistent with those on other prominent exchanges. The platform hosts cryptocurrencies with an average market capitalization of $10 billion, accompanied by a daily trading volume averaging $10 million.

Fees

LGO's fee structure is determined by trading volume. Taker fees range from 0.50% for up to 100,000 USD trading volume, gradually decreasing to 0.20% for volumes over 10,000,000 USD. Maker fees range from 0.25% to 0.00%. Additionally, there's a trading volume-based rebate of up to 20%.

Trading Volume	Taker Fee	Maker Fee
Up to 100,000 USD	0.50%	0.25%
100,000 USD to 1,000,000 USD	0.40%	0.10%
1,000,000 USD to 10,000,000 USD	0.30%	0.05%
Over 10,000,000 USD	0.20%	0.00%

Payment Methods

LGO supports various payment methods, including bank transfer, SEPA, and wire transfer. LGO Markets does not charge any deposit fees for fiat currencies or cryptocurrencies. However, there are withdrawal fees for cryptocurrencies, which vary depending on the cryptocurrency. For example, the withdrawal fee for Bitcoin is 0.0005 BTC.

Payment Method	Buy	Sell	Add Cash	Cash Out	Speed
Bank transfer	Yes	Yes	Yes	Yes	1-3 business days
SEPA	Yes	Yes	Yes	Yes	1-3 business days
Wire transfer	Yes	Yes	Yes	Yes	1-3 business days